Franklin Resources Inc. Buys 1,490,648 Shares of D.R. Horton, Inc. (NYSE:DHI)

Franklin Resources Inc. increased its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 71.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,574,409 shares of the construction company's stock after buying an additional 1,490,648 shares during the quarter. Franklin Resources Inc. owned 1.13% of D.R. Horton worth $499,774,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $30,000. FSA Wealth Management LLC bought a new position in D.R. Horton in the third quarter valued at $47,000. Kohmann Bosshard Financial Services LLC acquired a new stake in D.R. Horton in the 4th quarter valued at $38,000. Rosenberg Matthew Hamilton lifted its position in D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock worth $38,000 after buying an additional 165 shares in the last quarter. Finally, Sierra Ocean LLC bought a new position in shares of D.R. Horton in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Stock Performance

Shares of NYSE:DHI traded up $5.36 during trading on Friday, reaching $127.67. 9,117,434 shares of the stock were exchanged, compared to its average volume of 2,856,232. D.R. Horton, Inc. has a 12 month low of $118.00 and a 12 month high of $199.85. The stock has a 50-day moving average price of $131.02 and a 200-day moving average price of $152.73. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a market cap of $40.23 billion, a PE ratio of 9.02, a PEG ratio of 0.54 and a beta of 1.80.

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D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.24. The business had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm's quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.82 EPS. Research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Friday, February 7th. D.R. Horton's dividend payout ratio is 11.31%.

Analyst Ratings Changes

Several research analysts recently commented on the company. JPMorgan Chase & Co. cut D.R. Horton from a "neutral" rating to an "underweight" rating and reduced their price target for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Wells Fargo & Company dropped their price objective on D.R. Horton from $190.00 to $175.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 17th. Barclays decreased their target price on shares of D.R. Horton from $150.00 to $145.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. The Goldman Sachs Group dropped their price target on shares of D.R. Horton from $200.00 to $171.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods cut shares of D.R. Horton from an "outperform" rating to a "market perform" rating and cut their price target for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, D.R. Horton has a consensus rating of "Hold" and an average price target of $170.93.

About D.R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.